$7,200,000
( $453.00Per Sq Foot )
 $38,651 est/mo Sourced by Back At You

112-116 Ashworth Avenue , Hampton, NH 03842

Hampton, NH 03842

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Description

Marguerite Motel Investors, Developers, and OperatorsTake Notice! This well-maintained 58-unit motel is in the heart of Hampton Beach. Just a few blocks from Hampton Beach Casino; Playground; as well as shops, restaurants and attractions. This property has a proven track record with return guests. And high ratings online. It is one of the best run motels on Hampton Beach. This property consists of four buildings on two lots with a total of 58 motel units. Amenities include a grilling area and along with a spacious pool area. The rooms are well-sized, attractive, and recently updated. Business Seasonal Zone of Hampton Beach, which permits building heights of up to 50 feet. At that elevation, there is picture perfect views of the Hampton River as well as views of the Atlantic. This zoning allows for numerous opportunities, especially with a parcel of this size. The property also features ample parking and dual frontage on Ashworth Avenue and Mooring Drive. The Marguerite Motel is a truly unique property and a solid investment, offering significant potential for immediate returns or future development.

Details

MLS#5024830
Listing TypeFor Sale
Building NameMarguerite Motel
Sub-TypeResale
Status(10) Active - Active
Year1968
Days On Site56
Listing Provided ByMcGuirk Properties, LLC | Tom McGuirk

Features

SQ Feet15,886
Units58
ZoningBS
Acreage0.70

Market Activity 03842



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Learn More About This Property

StateNH
CountyRockingham
CityHampton
Zip Code03842
Listing VS Median (in 03842)
Price:
$7,200,000
low | high
Med:
$512,500
100% of Average
SqFt:
15,886
low | high
Med:
1,133
100% of Average
$ / SqFt:
$453
low | high
Med:
$453
50.004410867591% of Average
On Site:
56
low | high
Med:
262.000000
21.374045801527% of Average
Sourced by Back At You
Listing Updated: December 31, 2024 at 4:00:16 PM PST